Back from the Juneteenth holiday on Wednesday, traders will catch up with the latest weather forecasts. Weekly U.S. jobless claims, May U.S. housing starts and an update of the U.S. Drought Monitor will all be out at 7:30 a.m. CDT Thursday. The U.S. Energy Department's report of natural gas storage is set for 9:30 a.m., followed by the weekly energy inventory report at 10 a.m.
Weather
A front, which has waffled around the northwestern Corn Belt all week long, will continue to be active for Thursday. The eastern end of the front is being pushed into the Northeast though, and so areas of showers and thunderstorms will be spread out from Nebraska and South Dakota to New England. Due to the recent rainfall and forecast rainfall in the northwest, some flooding will be possible in South Dakota. South of the front, it continues to be hot, with excessive heat watches and warnings across the Eastern Corn Belt into the Northeast.